The 25 biggest private banks in the world

Scorpio Partnership has released its annual Global Private Banking benchmark highlighting the world's biggest private banks by assets under management.

The 25 biggest private banks in the world

07 Aug, 2017

Private banks successfully navigated regulatory and political upheaval last year with assets under management (AUM) up by almost 4% on average, according to Scorpio Partnership.

In its Global Private Banking Benchmark report, Scorpio Partnership said 2016 was a tale of two halves for the global wealth industry, as cost-to-income ratios also fell below 80% for the first time since 2012, reflecting wealth managers' efforts to cut costs despite continued compliance pressures.

But strong profitability masked an underlying struggle to improve revenue, with operating income rising just 0.04% on average.

‘The challenge going forward will be managing the revenue side of the profits equation’, said Caroline Burkart, director at Scorpio Partnership.

‘These firms are experiencing pricing pressure, driven by regulations, the trend for passive investing and the wave of lower-fee competitor models entering the market.

‘Solving the equation will require increased focus on enhancing the proposition with advisory capabilities and improvements to the client experience.’

We highlight the top 25 private banks by assets under management in the benchmark.

Leave a comment!

Private banks successfully navigated regulatory and political upheaval last year with assets under management (AUM) up by almost 4% on average, according to Scorpio Partnership.

In its Global Private Banking Benchmark report, Scorpio Partnership said 2016 was a tale of two halves for the global wealth industry, as cost-to-income ratios also fell below 80% for the first time since 2012, reflecting wealth managers' efforts to cut costs despite continued compliance pressures.

But strong profitability masked an underlying struggle to improve revenue, with operating income rising just 0.04% on average.

‘The challenge going forward will be managing the revenue side of the profits equation’, said Caroline Burkart, director at Scorpio Partnership.

‘These firms are experiencing pricing pressure, driven by regulations, the trend for passive investing and the wave of lower-fee competitor models entering the market.

‘Solving the equation will require increased focus on enhancing the proposition with advisory capabilities and improvements to the client experience.’

We highlight the top 25 private banks by assets under management in the benchmark.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Private banks successfully navigated regulatory and political upheaval last year with assets under management (AUM) up by almost 4% on average, according to Scorpio Partnership.

In its Global Private Banking Benchmark report, Scorpio Partnership said 2016 was a tale of two halves for the global wealth industry, as cost-to-income ratios also fell below 80% for the first time since 2012, reflecting wealth managers' efforts to cut costs despite continued compliance pressures.

But strong profitability masked an underlying struggle to improve revenue, with operating income rising just 0.04% on average.

‘The challenge going forward will be managing the revenue side of the profits equation’, said Caroline Burkart, director at Scorpio Partnership.

‘These firms are experiencing pricing pressure, driven by regulations, the trend for passive investing and the wave of lower-fee competitor models entering the market.

‘Solving the equation will require increased focus on enhancing the proposition with advisory capabilities and improvements to the client experience.’

We highlight the top 25 private banks by assets under management in the benchmark.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

We use cookies to give you the best experience on our website. You can continue to use the website and we'll assume that you are happy to receive cookies. If you would like to, you can find out more about cookies and managing them at any time here. This site is for Professional Investors only, please read our Risk Disclosure Notice for Citywire’s general investment warnings

We use cookies to improve your experience. By your continued use of this site you accept such use. To change your settings please see our policy.